Labour shadow business minister Stella Creasy has accused the Government of "following Labour’s lead" on capping the charges for payday loans.

But she said in a statement that the proposal doesn't go far enough "to address the damage this toxic industry has done":

We want a levy on these companies to expand the funds available to credit unions so they can serve more people, powers for councils to limit the growth of these companies on our high streets and a ban on advertising to children of these products.

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Labour MP Stella Creasy has complained to the police after she was threatened with rape on Twitter for supporting the feminist campaigner Caroline Criado-Perez.

Ms Creasy, who represents Labour in Walthamstow, retweeted some of the messages she received under the hashtag #takebacktwitter, before warning her abusers that she would report them to the police and "ensure action" was taken.